Federal Cannabis Rescheduling — What’s Happened So Far (as of Dec 19, 2025): 1. Executive Order Signed — President Trump directed the Attorney General to reschedule cannabis from Schedule I to Schedule III. 2. Medical Research Boosted — HHS is launching new models to expand marijuana and CBD research nationwide. 3. Tax Relief Incoming — Rescheduling would lift the 280E tax block, letting cannabis businesses claim deductions. 4. Momentum Building — States like Pennsylvania and Tennessee are now pushing local legalization bills in response.